When we say side-businesses, this is pretty tongue-in-cheek. These six entrepreneur celebrities have created and launched businesses that are turning over revenues large enough to make the average entrepreneur’s eyes water.Have they accidentally cashed in on their 15-minutes of fame to score undeniably successful business credentials? Or did they know what they were doing all along? Let’s take a look at six celebrities who have each founded multi-million, and in some cases multi-billion, dollar global companies (some of which might be surprising).
A feature on entrepreneur celebrities couldn’t skip out on the phenomenon of Kylie Jenner. Our first entrepreneur is the reality star and her young yet mega-successful company, Kylie Cosmetics. Last year, she scored the front cover of Forbes with the headline, ‘America’s Women Billionaires’. She’s due to cross the billionaire bracket selling lipsticks and other makeup products while she’s still just in her twenties.
She’s known for television presenting and winning an Oscar alongside all of her charitable initiatives. However, Oprah Winfrey has also used her fame to amass herself a fortune through business. The only female African-American to feature on Forbes Rich List, Oprah is worth an estimated $2.8 billion. She has built this up from her company Harpo Inc. along with shares in other companies. Oprah holds shares in brands, such as Weight Watchers and The Oprah Winfrey Network.
In 2010 Ashton used his money from his acting career to co-found A-Grade Investments, a venture capital firm investing in tech start-ups. So far, the firm has seen highly successful investments from businesses, such as Spotify, Airbnb and Uber. Kutcher has generated an estimated net worthof around $200 million.
Dr Dre, American rapper and producer, was no stranger to entrepreneurship with a CEO title at Aftermath Records and being previous co-founder of Death Row Records. However, when he co-founded Beats in 2008 with a line of speakers and headphones, we’re sure he didn’t realise he’d be selling the company to Apple in 2014 for a massive $3 billion. This gave Dr Dre a personal pay-out of around £500 million.
Teaming up with fashion company JustFab, Kate Hudson co-founded her athleisure clothing brand Fabletics in 2013. The company is seeing 20% sales growth each yearand annual revenues of over $300 million. The platform is now seeing member figures of over 1.4 million.
It might be surprising to hear that the globally popular high-end sushi restaurant Nobu has Hollywood actor Robert De Niro to thank for it. The famous chef Nobu Matsuhisa teamed up with De Niro and two other partners as they turned one LA restaurant into an empire. The group is due to hit the $1 billion markwithin five years.
From reality stars to Hollywood icons, it seems there is no particular trend when it comes to these entrepreneur celebrities. Each having launched their own business at the height of their stardom, these six business owners are working hard to secure their place on Forbes’ Billionaire Rich List.
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